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Diamonds are for everyone….the Elizabeth Taylor Collection goes on tour.

Apparently world-class collections owned by Hollywood legends are like busses. By that I don’t mean they’re consistently late, and full of teenagers listening to Jessie J tunes on mobile phones.

I mean you wait ages for one to turn up, then two come along at once.

Just days after Debbie Reynolds’ spectacular collection of Hollywood memorabilia broke auction records in Beverly Hills, Christie’s have announced the sale of another treasure trove. And if its former owner is anything to go by, this one could potentially put everything else in the shade….

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This December, Christie’s will host a four-day sale of the Elizabeth Taylor Collection that includes jewellery, haute couture fashion, decorative arts and film memorabilia. And as if this wasn’t enough, they will follow it up in February 2012 with a further sale of her stunning collection of Impressionist and Modern Art.

Although details of the individual lots have not yet been released, anyone familiar with Taylor and her legacy will know that there’s something special in store.

In their press release Christie’s stated that the jewellery sale alone “promises to be remembered as one of the most remarkable jewellery events in auction history”. And you’d be hard-pressed to disagree with them, as many experts believe that at the time of her death the collection was valued at around $100 million.

The number of stunning designer pieces included is remarkable. All you can say is that if diamonds really are a girl’s best friend, Elizabeth Taylor was the most popular girl in school.

Then there’s the collection of haute couture fashions and accessories. Taylor lived her life as the epitome of style and grace, and her close personal friendships with some of the world’s greatest designers meant that her wardrobe was unrivalled in its quality.

Add to this her exceptional taste in design and decorative arts, and the hoard of classic movie memorabilia and costumes, and you have the recipe for what could be the Sale of the Century. But without Nicholas Parsons, hopefully.

To mark the importance of the sale (as if the fact that it belonged to Elizabeth Taylor isn’t enough), Christie’s are embarking on a world tour with many of the collection’s most exceptional pieces.

Starting in September, the tour will pass through Moscow, London, Los Angeles, Dubai, Geneva, Paris, and Hong Kong before culminating in a 10-day “museum-quality exhibition” that will take over Christie’s entire Rockefeller Plaza gallery space in New York.

You could say they’re pushing the boat out on this one, and with good reason. It really could be one of those ‘once in a lifetime’ sales that collectors speak of for years to come. We’ll certainly be talking about it more as the details emerge.

So for any collectors or investors out there, my advice is this: make some space in your wardrobe, or invest in a larger jewellery box. Because sales don’t come much bigger than this…

By Simon

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About paulfrasercollectibles

Expert opinion, news, views and interviews allowing you to collect and invest with confidence.

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